Hello Guys !!! Let's to be honest. We are in a Potential Reversal Zone in daily time frame. They are 40000$ resistance level, touching the downtrend line, breakout the uptrend line and its pullback and under EMA 20 !!! It should be noted that the probability of price reduction is much higher. I hope this analysis will be useful for you in the coming days. much love <3
Confluences:
1/ Trend
2/ Fib play
3/ 91 as resistance
4/ High test candle ( 2 in a row )
5/ Bearish MACD
6/ We are bouncing of the 200 EMA on the Weekly chart
After day one of the trade, U can see that we broke the CTL, which is a great sign for this pair to finally head lower again.
It is not too late to enter, because today we got a pullback.
Target 89
